Silicon Valley Bank’s failure in March 2023 was a watershed moment for the banking sector. The $210 billion collapse was the third-biggest in American history, sending shockwaves throughout the industry and exposing the solvency issues created by rising interest rates. Columbia finance professor Tomasz Piskorski is one of the leading experts in surveying the post-SVB […]
Bring on the heat. AccuWeather has released its long-term summer forecast, which calls for some sultry summer days. Meteorologists predict temperatures will soar 2 to 4 degrees above the historical average across more than half the country this summer season, which starts on June 20. AccuWeather also predicts flooding and a potentially record-breaking hurricane season for the […]
Uncertainty is the word of the day, in reference to the near-term economic future. Sentiment will hinge on the inflation numbers due out next week. March’s figure rose to 3.5%, and April’s job numbers showed a marked slowing in the labor market; that combination has stoked fears of stagflation. But – corporate earnings from Q1 […]
The U.S. government may be coming to take a larger bite out of corporate profits, and Berkshire Hathaway chairman Warren Buffett wants to be prepared. When asked at Saturday’s annual shareholder meeting why he sold 115 million shares of Apple over the past quarter, the Oracle of Omaha predicted companies like his could find themselves […]
Back in February, Wisconsin closed out its warmest winter on record; since then, temperatures have remained above average. March was the state’s 12th-warmest third month of the year since record-keeping began in 1895, and the National Weather Service recently shared that this April tied for Milwaukee’s eighth-warmest. This warm-weather streak is expected to continue … […]
After some recent losses, markets turned up during Wednesday’s after-hours trading session. This upturn coincided with Federal Reserve Chair Jay Powell’s announcement confirming that there will be no further rate hikes for the foreseeable future. The upward turn in the markets highlights the volatility in current conditions – but that’s not a bad thing at […]
(Bloomberg) — Several parts of India will witness scorching heat in May, raising concerns about health risks for residents as well as power shortages. Most Read from Bloomberg The number of heat wave days are also likely to be higher during the month, Mrutyunjay Mohapatra, director general of the India Meteorological Department, said at an […]
Troubled regional lender New York Community Bancorp (NYCB) lost $327 million in the first quarter, but its stock soared in premarket trading as a new CEO outlined a “clear path to profitability over the following two years.” The net loss was due in part to an increase in provisions set aside for future loan losses. […]
The Old Farmer’s Almanac is calling for jungle-like conditions this summer in northern Ohio — as in hot and rainy. “Summer temperatures, on average, will be hotter than normal from New England through the Atlantic Corridor, in Florida and the Deep South, through Texas and the Midwest, and on to California,” almanac meteorologists Bob Smerbeck and Brian […]
Conspiracy theorist Rep. Marjorie Taylor Greene (R-Ga.) could be facing a “humiliating” fall from grace within her own party, according to MSNBC host Ayman Mohyeldin. “There’s always been a certain level of tolerance for MTG among her congressional colleagues,” he said on Saturday. “But now, they are making it known that they are getting sick […]
Holding 10,000 Dogecoin Could Make You A Millionaire, Predicts Crypto Analyst Since 2021, Dogecoin (DOGE) has consistently been one of the largest cryptocurrencies in the market. The token has attracted tens of billions in investment and is up more than 27,000% since its launch. While the price has fallen considerably since highs, the token has […]
ATLANTIC CITY, N.J. (AP) — Atlantic City casinos are facing threats on multiple fronts from new competitors not just in New York, but from within their own state. That’s not great news for a seaside resort in which the amount of money won from in-person gamblers continues to lag, with seven of the nine casinos […]